Will a Modi Emerge in Brazil?

The local markets have jumped every time a new poll shows President Rousseff's popularity falling. What's the best way to play Brazilian stocks?

While Brazil's economy sank into stagflation over the past three months, its major index, the Bovespa, rallied 17.8%, and the iShares MSCI Brazil Capped ETF (ticker: EWZ) jumped 21.2%. Was it the successful start to the World Cup or possibly the country's opening-round win against Croatia?

Probably not. Starting in late March, the equity market has rejoiced every time a new poll showed President Dilma...